Who can invest money with, or borrow money from the SNU Trust?

The governing document of the SNU Trust only allows spiritualist churches affliated to the Spiritualist National Union  to invest with, or borrow money from the SNU Trust.

How can my church become a member of the SNU Trust?

With £250 you can open a Deposit Account with us. Simply download an application form, fill it in & post it to us, enclosing your cheque. Alternatively you can pay via bank transfer. Please see below for our bank details.

My church is not affiliated to the Spiritualists’ National Union. Can we still become a member of the SNU Trust?

No, your church will need to be affiliated with the SNU first. You can contact the SNU via their website click here.

Can I open a Personal Account?

Unfortunately we cannot open accounts for individuals or lend money to them, even if they are members of the SNU.

What are the benefits of becoming a member?

We offer competitive rates of interest compared to high street banks and offer a range of immediate access and fixed-term products.We are also able to lend to churches to allow them to improve their existing buildings or move to more suitable premises.

 

How do you differ from high street banks?

We understand how the churches operate and we tailor our terms & conditions to suit your needs. There are no arrangement fees or early closure penalties on our accounts & products.

As the SNU Trust is ‘not for profit’ any surplus made is put back into the charity to the benfit of all members.

By investing with the SNU Trust you are investing in the future of Spiritualism.

Can Churches get access to their accounts online?

The Trust have looked at giving members online access however it is cost-prohibitive at the moment. A statement is always sent to your nominated contact each time a transaction goes through your account and you are welcome to request electronic statements via email at any time.

Can the Spiritualists’ National Union prevent a church from withdrawing its money?

No. Under no circumstances can the Spiritualists’ National Union prevent any church from withdrawing its funds. The SNU Trust is a completely separate and autonomous charity, with staff employed directly by the Trust and Trustees who cannot also be Trustees of the SNU.

Can we make a deposit via BACS?

Deposits can be made into your accounts with the SNU Trust electronically by using the following details:

NatWest Bank Sort Code 60-02-36

Account Number                67824234

Account Name                    Spiritualists’ National Union Trust

Reference                            Please quote your church name and account reference

 

How do we make a withdrawal from our account?

Withdrawals can be made by completing a withdrawal form which must be signed by two of the church’s nominated signatories. The form can be posted back or emailed to accounts@snutrust.co.uk. We endeavour to process all requests on receipt and always within 1 working day.

Are the SNU Trust's activites regulated?

The SNU Trust is a registered charity which conforms to the guidelines laid down by the Bank of England and the Financial Conduct Authority (FCA).

The activities of the SNU Trust are laid out in the Memorandum and Articles of the charity, and they are restricted to providing facilities to churches affiliated to the Spiritualists’ National Union.

The FCA consider that, due to the limited nature of the activities, the SNU Trust is exempt from registration however the SNU Trust reviews this situation regulary to ensure compliance with all legislation.

What Our Members Say About Us

”The committee would like to extend their grateful thanks for the grant towards the interest on the loan.

It is very thoughful and as a Spiritualist community we hope we can begin to get back to some sense of normality very soon”

Eastwood church

”May I thank you for your advice and help in enabling us to carry out these transactions quickly and smoothly, it has taken a great deal of anxiety away for the members”

Chippenham First Spiritualist Church

“… you helped enormously, and I would like to thank you for all the hard work and support you have given and continue to give us…”

West London DC